Solving the Foreclosure Crisis - One Person At a Time!

By
Real Estate Broker Owner with The Master's Key Realty LLC -Windsor, CT - HARTFORD COUNTY REB.755648

Clearly the economy is in crisis.  I've listed three foreclosure homes this week, and each one of those homes had a sad story to tell.  Foreclosures do NOT happen quickly.  Each of these homes showed the evidence of long term hardship before they went to foreclosure.  Deferred maintenance was only part of the story. I am reminded that the lives of the  people were affected even more than their homes.

While the government seeks to institute programs and regulations to solve this crisis at a national level, I am reminded that there are people struggling very close to home!  Even as people are struggling, they are looking for new jobs, part-time jobs, even small odd-jobs to bring in a little more here and a little more there. And they are tightening up those wallets, squeezing every last penny out of their current resources.They are negotiating their credit card rates, making special payment arrangements, cutting out the cable, and the phone, and setting aside some bills that they just can't pay right now--some of those will end up in collections or court.  And if that's not enough stress, they are dodging bill collectors phone calls and trying to make sure their utilities don't get turned off.

Foreclosure Solutions - time can run outEven when they have slashed their expenses, and found additional avenues to create income, recovery takes time! And sometimes, there isn't enough time to recover before the foreclosure or bankruptcy is on the horizon. Sometimes the prolonged stress results in medical problems, and that just slows down the recovery.

I know there have been four foreclosures on my own street in the past two years.  I am reminded of their individual struggles as I walk through my three new foreclosed home listings this week, and I think we all need to become more community-minded on an individual scale. 

So what can we do to slow down the foreclosure machine?  I believe it's time we started looking out for our neighbors a little bit more, and take notice of what's going on close to home.  If you don't know if your neighbors are struggling, perhaps its time to take a walk around your neighborhood and get to know them, or catch up with those you haven't spoken to in the last few months...

In reality, WE are the solution.

Here are a few practical one-on-one suggestions to help your neighbors keep their homes and families running until they are able to recover financially:

Foreclosure Solutions - groceries1. Donate to your local foodbank or church with a pantry. They can help reach people you can't. 

2. Be aware of what's going on in your own neighborhood. Has someone gotten laid off or hours cut back? Maybe they need a bag of groceries dropped on their porch..or a gift card for the local grocery taped to their door.

3. Even high school grads and college students are under-employed and un-employed this year. Maybe you can hire them to do some household chores or run some errands to help take the stress off parents who may be struggling themselves with the current economic atmosphere.

 

Foreclosure Solutions - Pizza Night!

4. Build relationships in your neighborhood. You won't know who needs your help (personal or professional), or even just your prayers, if you don't know your neighbors.

 

 

 

5. Invite a struggling family over for pizza and a movie night at your home. Trust me, if they're really tightening their belts, they aren't getting out for any personal entertainment...it's just too expensive!

 

Foreclosure solutions - yardwork6.  If you see deferred yard maintenance, it may be a sign that someone can't afford the lawn service they've always used, or they can't afford to get the broken lawnmower fixed.  It might be time to offer some physical assistance.  I know...some of your neighbors might be too proud to accept the help...but some will be sooo grateful. 

7. If you talk with a neighbor in financial difficulty with their home, encourage them to explore their options NOW. Have them call a trusted local real estate agent or attorney to make sure they take advantage of all the options available: loan modifications can help them save their home, a short sale can help them preserve their credit at a higher level than a foreclosure.

 

 

If you have some other suggestions, please leave them in the comment section!  Maybe we can all help solve the foreclosure crisis one house at a time, one person at a time.

 

Posted by

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Serving the North Central Connecticut region, Hartford County, and the communities of Windsor, Bloomfield, Hartford, East Hartford, South Windsor, Manchester, Windsor Locks, Suffield, Enfield, East Windsor, Somers and the Granbys...

Opening Doors to Home Ownership . . . The Master's Key . . .

Residential Sales, Short Sales and Foreclosure Prevention, Multi-Family and Investment Properties, Condominium and Property Management

Lisa Orme on LINKED INRealtor logoThe Master's Key Realty fan page           LISA ORME        Lisa Orme on TWITTEREqual HousingRSS

 

Licensed in the State of Connecticut, ABR, CRS, GRI, PSCS, SFR, Notary Public, Lic. #REB.755648

 Broker/Owner of The Master's Key Realty LLC, 340 Broad Street, #320, Windsor, Connecticut 06095

To contact Lisa, call 860-688-1400 or send an e-mail to lisa@masterskeyrealty.com

Copyright, Lisa Orme, 2010.  All rights reserved.

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Re-Bloggged 4 times:

Re-Blogged By Re-Blogged At
  1. Karen Bernetti 08/19/2010 11:42 PM
  2. Tish Lloyd 08/21/2010 08:16 AM
  3. Chris Hill 08/21/2010 08:19 AM
  4. Melissa McKinney 08/23/2010 11:37 AM
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Topic:
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Foreclosure Help and Prevention
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resources for families in crisis
foreclosure help
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Comments 33 New Comment

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Rainer
171,789
Lisa Orme
Broker/Realtor, ABR, CRS,GRI, PSCS, SFR, Notary Pu
The Master's Key Realty LLC -Windsor, CT - HARTFORD COUNTY

Thanks for going back to read this one...I'm glad it struck a chord with you. It's important to know what's going on "right under our nose".

August 23, 2010 11:49 AM
Rainmaker
292,075
Margaret C. Taylor
St Marys/Calvert/Charles MD Real Estate Agent
Century 21 New Millennium MD

Thanks for being caring and reminding us to care too.  I'm sure there are many people suffering "behind closed doors".  These are difficult times.  Margaret C.

September 04, 2010 09:47 AM
Rainer
171,789
Lisa Orme
Broker/Realtor, ABR, CRS,GRI, PSCS, SFR, Notary Pu
The Master's Key Realty LLC -Windsor, CT - HARTFORD COUNTY

Margaret - We've gotta help one another if we're all going to get through to the other side of this financial mess!

September 04, 2010 10:45 AM
Anonymous #32
Anonymous
Kelly

I am a 46yr single woman who lost my job in July, after losing 5 loved ones to cancer last year and being a primary caretaker to my dad. Losing my job I thought was the icing on the cake, now I am faced with the reality of a poor job market and the fear of losing my home and all I have worked so hard to hold onto for the past 7yrs. I rented a video from the library on short sales, vs foreclosures and credit and the emotional damages of it all. I have been fighting depression and the pysical ailments now hitting me of lack of appetite and frozen in fear. I know I can not wait til things hit rock bottom but every day it looms over me and makes feeling less optimistic about even getting out of bed to try. People telling me others are in the same boat, I am not alone etc. helps a bit but does not take away the anxiety and fear that begins the minute the eyes open. When you have to think twice about taking the car out, for fear of using gas unwisely, it makes it hard to get out and away from the situation for a while. There is so much more that goes on "inside" the body, mind and the closed doors of those struggling alone while the world just seems to be moving along without you. It is a sad reality I wish upon no one.

Thank you for your article, it helped to educate me a bit more that maybe short sale is worth trying before foreclosure? Do I contact a local realtor for guidance?

 

December 08, 2011 09:49 AM
Rainer
171,789
Lisa Orme
Broker/Realtor, ABR, CRS,GRI, PSCS, SFR, Notary Pu
The Master's Key Realty LLC -Windsor, CT - HARTFORD COUNTY

Kelly, Thanks for sharing your story with me...I'm sorry you are going through such a difficult time. I know what is like when the overload of stress starts affecting you physically as well as emotionally...Situations like yours can be paralyzing...so many do not move forward and take action when they should.  A short sale could be a way to avoid foreclosure, but it is important to make sure you have an agent with sufficient short sale experience to guide you through the process.  If you would like to give me a call at my office, I will be glad to search out and provide you with the names of one or two qualified real estate agents in your area who have the experience you need.

December 14, 2011 12:10 PM
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Rainer
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Lisa Orme

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